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Suneel

Nigam

Service Entrepreneur

Bahraich, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Suneel

Nigam

#Hard working
Suneel needs funds to add more utensils to his utensils shop.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Suneel

Suneel Nigam is a young and energetic entrepreneur who lives in Bahraich with his family. Suneel owns a kitchen utensils shop. Suneel wants to take his shop to the next level by adding new and modern utensils and wants to attract more number of customers and thus widen his customer base. Slowly steadily he wants to upgrade his shop to a big departmental store. For expanding his business this loan will be of great help. Invest in Suneel as he expands his shop, improves his business, and provides for a brighter future for his family.

About Suneel Nigam's livelihood

Suneel is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Suneel will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Suneel Nigam has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Impact
Partner

up to 3.20%

5.76% APR

Platform
charges

1.60%

2.88% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Indian Micro Enterprises Development Foundation
   view website
Partner logo

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS